van Scheers L., Radipere S.
Evaluation of the Khula enterprise in the promotion of SMMEs in South Africa
Journal for Global Business Advancement
School of Business Management, University of South Africa, PO Box 329, Unisa 0003, South Africa
van Scheers, L., School of Business Management, University of South Africa, PO Box 329, Unisa 0003, South Africa; Radipere, S., School of Business Management, University of South Africa, PO Box 329, Unisa 0003, South Africa
The research indicated that accessing funds for SMMEs is not a problem but the procedures and the requirements to be met for the banks such as 10% contribution is acting negatively towards them. Although much has been written on the causes of failures on SMMEs, however, the most worrying factor from this research is the lack of basic skills in executing business and shortage of funds. The research established that for Khula Enterprise to meet SMMEs requirements, it must have an information management system that is effective in the promotion of the customer center strategy. It must also specialise in the provision of finance to a particular sector as each enterprise needs differ from the other enterprise. The peculiarity of South African history requires a unique solution for the society’s unique problem. © 2008 Inderscience Enterprises Ltd.
black economic empowerment; business failure; business skills; educational background; entrepreneur; Khula Enterprise; managerial skills; SME sector; SMME; types of business